We will work closely with you to ensure that your tax affairs are up to date and arranged in such a way as to maximise reliefs and minimise liability. We will help you to plan ahead and conduct your affairs in a tax efficient manner.
As successive Budgets add layers of complexity to the tax system, we will help you to meet deadlines, minimise your liabilities and deal with your tax obligations in the most efficient and cost effective way.
We have the expertise and resources to deal with the form filling and compliance aspects of Self Assessment. We can provide practical advice on your personal tax position and the planning opportunities available to you. We will complete tax returns, calculate your tax liability and remind you when payments are due.
Capital Gains Tax
For most UK residents Capital Gains Tax (CGT) is chargeable on disposals of assets anywhere in the world. With careful advance planning there are a number of ways to mitigate the rate of tax payable on a capital gain.
We can advise on tax-efficient structures for asset disposals and how you can use the available tax reliefs to minimise and defer tax on gains that are chargeable.
Our services include advising on:
- CGT payable on a disposal;
- advising on the timing of a disposal;
- the availability of Entrepreneurs' Relief;
- exemption options available;
- transfers of assets to family members or trusts.
Inheritance Tax, Estates and Trust Planning
In order to minimise inheritance tax it is necessary to plan well in advance. This means making the necessary provisions now. There are many tax opportunities available and the earlier arrangements are made, the greater the chance of taking full advantage of the relief available.
We can advise on inheritance tax planning opportunities available. We provide a discreet comprehensive estate planning service that includes:
- help with planning and reviewing a will
- making full use of exemptions and lower tax rates on lifetime transfers
- optimising lifetime transfers between family members
- advising on agricultural or business property reliefs
- transferring assets into trust
We also have expertise in dealing with trusts as a tax efficient way to set aside assets for future beneficiaries outside the inheritance tax net. We can advise on the most suitable type of trust to meet your needs, assist in setting up the trust and provide the accounting and taxation services necessary for trust management.
Being the subject of a tax investigation by the H M Revenue and Customs can be a stressful and worrying experience. With the onset of personal and corporate self-assessment, HMRC can review cases on a random basis. Consequently tax investigations have become more frequent. We have experience in dealing with tax investigations, whether they are enquiries into an individual tax return under the Self Assessment regime, more detailed business tax enquiries or employer-related investigations into PAYE and P11d compliance. If you have a tax investigation, we can deal with this on your behalf.
Tax enquiry fee protection
An investigation will undoubtedly result in additional accountancy work being undertaken. The amount of work will depend upon the complexity of the case but the cost could be substantial. We offer all our clients the opportunity to subscribe to a fee tax protection service which for a modest annual fee covers the cost of responding to HMRC enquiries